Laserfiche WebLink
ENTERPRISE. FUNDS OVERVIEW <br />The City maintains twoenterprise funds to account for services the City provides that are financed primarily <br />through fees charged to those utilizing the service,. This section of the report provides you with.an-eyerview <br />ofthe financial trends and activities ofthe City's enterprise funds, whirh.mclude the Water Fund and Sewer. <br />Fund. <br />Eiv"rF,RPRisE FUNDS FINANCIAL POSITION <br />The following tablesumfmariies the changes in the financial position ofthe City's enterprise funds during <br />the year elided December 31, 2021, presented both. by classification-&nd by -fund: <br />Enterprise Funds. Change In Finandal Position <br />Net position of enterprise funds <br />Total by classifcation <br />Net investment in capital assets <br />Unrestricted <br />Total enterprisefunds <br />Total by fund <br />Water <br />Sewer <br />Total enterprise: -funds <br />Net.Position <br />as of December 31, <br />2021. 2020 Change <br />1 1;262,271 -S 1,291,806 $ (29,535) <br />446 63-1 -422,201 24,430 <br />$ I.1708,902 $ 1.,714;007 .$ (5,105) <br />$ 603,450 $ 607,882 $ (4,432) <br />1;1054452 1,006,125 (673 <br />$: 1,109,002 $ .1,71.4,007 $ (5,105) <br />In WIAI, the net position: of the City's enterprise funds decreased by $5,105, during .the year ended <br />December.31, 2021; due to negative operating results in these funds in the cummt.year. <br />-1.2- <br />